WASHINGTON — The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2015, including numerous recommendations to the IRS Commissioner on new and continuing issues in tax administration.

Information reporting by third parties is one of the primary ways IRS verifies tax return information. In 2015, the IRS was expected to receive nearly 2.3 billion information returns.

"IRPAC members make an important contribution to tax administration by devoting a great deal of their valuable time assisting the IRS with the most important information reporting issues of the day," said IRS Commissioner John Koskinen.

In the 2015 report, the IRPAC recommends penalty relief for name-TIN (taxpayer identification number) mismatches in cases where filers under current rules are not permitted to access the IRS TIN Matching Program. In addition, the IRPAC requests a new checkbox on Forms W-9 and W-4P to authorize information return filers to validate the payee's name-TIN combination through the IRS TIN Matching Program.

The IRPAC report makes recommendations involving instructions for Form W-9, and the reasonable cause penalty abatement process. The report also contains numerous other recommendations related to the Foreign Account Tax Compliance Act (FATCA), the Affordable Care Act (ACA), cost basis and Form 1099-K reporting, the electronic transmittal of employer-withheld IRS tax levy proceeds, business taxpayer identity theft, treatment of negative interest for U.S. tax information and other issues.

IRS Commissioner John Koskinen congratulated and thanked eight members of the Committee ending their three-year terms this year:

  • Mary Kallewaard, IRPAC Chair, COKALA Tax Information Reporting Solutions, LLC, Ann Arbor, Mich.
  • Julia Shanahan – Columbia University, New York, N.Y.
  • Patricia Schmick – Accounting & Tax Services Inc., Seattle, Washington
  • Paul Banker – Convey, Minneapolis, Minn.
  • Mark Druckman – J.P. Morgan Chase, New York, N.Y.
  • Lynne Gutierrez – Hilltop Securities, Dallas, Texas
  • Jonathan Sambur – Mayer Brown, LLP, Washington, D.C.
  • Vicki Kaner – Amazon, Seattle, Washington

IRPAC members represent financial services and payroll firms, colleges and universities and other types of businesses both small and large.

The full 2015 IRPAC Public Report is available on IRS.gov.

IRPAC is a federal advisory committee formed in 1991 that serves as an organized public forum for discussion of information reporting issues.

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Upcoming Tax Dates

February 10 — Social security, Medicare, and withheld income tax
File Form 941 for the fourth quarter of 2017. This due date applies only if you deposited the tax for the quarter timely, properly, and in full.

February 10 — Certain small employers
File Form 944 to report social security and Medicare taxes and withheld income tax for 2017. This due date applies only if you deposited the tax for the year timely, properly, and in full.

February 10 — Farm employers
File Form 943 to report social security and Medicare taxes and withheld income tax for 2017. This due date applies only if you deposited the tax for the year timely, properly, and in full.

February 10 — Federal unemployment tax
File Form 940 for 2017. This due date applies only if you deposited the tax for the year timely, properly, and in full.

February 10 — Employees who work for tips
If you received $20 or more in tips during January, report them to your employer Details

February 15 — All businesses
Give annual information statements to recipients of certain payments you made during 2017 Details

February 15 — Social security, Medicare, and withheld income tax
If the monthly deposit rule applies, deposit the tax for payments in January.

February 15 — All employers
Begin withholding income tax from the pay of any employee who claimed exemption from withholding in 2017, but did not give you Form W4 to continue the exemption this year.

February 15 — Individuals
If you claimed exemption from income tax withholding last year on the Form W-4, you must file a new Form W-04 by this date to continue your exemption for another year Details

February 19 — Everyone
Federal Holiday (Washington's Birthday) Details

February 28 — All businesses
File information returns (for example, Forms 1099) for certain payments you made during 2017.

February 28 — Payers of gambling winnings.
File Form 1096 along with Copy A of all the Forms W2G you issued for 2017. If you file Forms W2G electronically, your due date for filing them with the IRS will be extended to 03-31. The due date for giving the recipient these forms remains 01-31.

February 28 — All employers
File Form W3, Transmittal of Wage and Tax Statements, along with Copy A of all the Forms W2 you issued for 2017. If you file Forms W2 electronically, your due date for filing them with the SSA will be extended to 03-31. The due date for giving the recipient these forms remains 01-31.

February 28 — Large food and beverage establishment employers
File Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips. Use Form 8027T, Transmittal of Employer's Annual Information Return of Tip Income and Allocated Tips, to summarize and transmit Forms 8027 if you have more than one establishment. If you file Forms 8027 electronically, your due date for filing them with the IRS will be extended to 03-31.

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